‘Markets could fall most by 6-7% from current levels’

Nirmal Jain, chairman of IIFL, says that untimely rains have hurt the economy in a big way and a revival may not be expected anytime soon. Speaking on the markets, Jain said that Indian markets could, at the most, fall by 6-7%. He added that there are several factors affecting the performance of the markets despite a rate cut by the RBI.